Asia Commercial Holdings (HKSE:00104) Interest Expense : HK$-9.8 Mil (TTM As of Sep. 2023)

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What is Asia Commercial Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Commercial Holdings's interest expense for the six months ended in Sep. 2023 was HK$ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-9.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Asia Commercial Holdings's Operating Income for the six months ended in Sep. 2023 was HK$ 47.7 Mil. Asia Commercial Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$ -4.6 Mil. Asia Commercial Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 10.39. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Asia Commercial Holdings Interest Expense Historical Data

The historical data trend for Asia Commercial Holdings's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Asia Commercial Holdings Interest Expense Chart

Asia Commercial Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.70

-14.24

-9.39

-6.00

-8.82

Asia Commercial Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-2.98	-3.02	-3.57	-5.25	-4.59

Asia Commercial Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-9.8 Mil.

Asia Commercial Holdings (HKSE:00104) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Asia Commercial Holdings's Interest Expense for the six months ended in Sep. 2023 was HK$-4.6 Mil. Its Operating Income for the six months ended in Sep. 2023 was HK$47.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was HK$28.9 Mil.

Asia Commercial Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	47.661	/	-4.589
	=	10.39

The higher the ratio, the stronger the company's financial strength is.

Asia Commercial Holdings (HKSE:00104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asia Commercial Holdings Ltd (HKSE:00104) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG

Website

http://www.asiacommercialholdings.com

Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. The company currently operates in The People's Republic of China, United Kingdom, Hong Kong, and Switzerland out of which PRC generates the maximum revenue for the company.

Executives

Lam Kim Phung	2101 Beneficial owner
Century Hero International Limited	2101 Beneficial owner
Goodideal Industrial Limited	2101 Beneficial owner
Eav Yin	2101 Beneficial owner
Chanchhaya Trustee Holding Corporation
Covenhills Limited

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